
Investigating Inflation Dynamics in Sudan.
Title:
Investigating Inflation Dynamics in Sudan.
Author:
Moriyama, Kenji.
ISBN:
9781451915006
Personal Author:
Physical Description:
1 online resource (23 pages)
Series:
IMF Working Papers
Contents:
Contents -- I. Introduction -- II. Background -- III. Model -- IV. Data Issues and Results -- A. Single-Equation Model -- B. Structural Vector Auto Regression Model (SVAR) -- C. Vector Error Correction Model (VECM) -- V. Policy Implications and Conclusions -- Appendixes -- I. Data Issues -- II. Structural Model Assumptions -- Tables -- 1. Unit Root Tests -- 2. Estimated Regressions -- 3. Elasticities of Inflation to Money Supply and Nominal Exchange Rate -- 4. Schwartz Information Criterion (SIC) and Akaike Information Criterion (AIC) -- 5. Johansen Co-Integration Tests -- References.
Abstract:
This paper investigates inflation dynamics in Sudan using three different approaches: the single equation model, the structural vector-auto regression model and a vector error correction model. This is the first study in a low-income and a post-conflict country that uses these three separate techniques to understand inflation dynamics. The use of these approaches is particularly useful to check the robustness of the estimated parameters in the model for a country with limited data coverage and possible structural breaks. The estimated results suggest that money supply growth and nominal exchange rate changes affect inflation with 18-24 months time lag.
Local Note:
Electronic reproduction. Ann Arbor, Michigan : ProQuest Ebook Central, 2017. Available via World Wide Web. Access may be limited to ProQuest Ebook Central affiliated libraries.
Genre:
Electronic Access:
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